Judge Thomas S. Clark concluded the weight of the evidence suggested Aera prioritized its financial situation over the interests of the plaintiffs in making business decisions.
May 10, 2024 at 03:55 PM
3 minute read
A subsidiary of Houston-based ExxonMobil Corp. avoided a $100 million judgment last year but has since lost control, in a California state court order, of the oil field under litigation.
In December, a Vinson & Elkins defense team in Houston convinced a jury in Kern County, California that Aera Energy LLC, jointly owned by ExxonMobil and Shell Oil Co., didn’t need to pay damages to plaintiffs Vaquero Partners L.P., a California company, and New Orleans-based Madison Energy LLC.
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